Tata Capital has allotted secured, redeemable non-convertible debentures (NCDs) worth ₹2030 crore on a private placement basis to raise long-term capital. The issuance, classified as Series TCL Secured NCD "C" FY 2026-27-VIS-M, carries a coupon rate of 8.15% per annum and an XIRR of 7.9589% per annum. The debentures have a tenor of 1096 days from the date of allotment, with maturity set for June 11, 2029.

The company allotted 2,03,000 securities at a face value of ₹1,00,000 per NCD on June 11, 2026. Interest payments are scheduled annually on June 11 for the years 2027, 2028, and 2029, with principal redemption occurring via bullet payment on the maturity date. The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE).

Security and Credit Ratings

The instruments are secured by a pari-passu charge on the company's moveable property, specifically receivables and book debts arising from secured and unsecured loans, as well as investments. The security cover is equivalent to 1.00 times the aggregate outstanding value of the debentures.

Default Terms

In the event of a default or delay in the payment of interest or principal redemption, the company will pay additional interest at a rate of 2% per annum over the coupon rate for the period of default. There are no special rights or privileges attached to the instrument, and no cancellations or termination of the proposal for issuance have been reported.

Tata Capital Limited has appointed Mr. Kamal Bhatia as its new Chief Risk Officer (CRO) for a period of 2 years, effective July 1, 2026. The appointment follows the resignation of the incumbent CRO, Mr. Nitin Dharma, who is stepping down to pursue other personal and professional interests. The Board of Directors approved the appointment based on the recommendations of the Risk Management Committee and the Nomination and Remuneration Committee. The disclosure was made to the stock exchanges on June 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Mr. Dharma will cease to hold the position of CRO effective the close of business hours on June 30, 2026. However, he will continue in employment with the company until September 7, 2026, to facilitate an orderly transition of responsibilities. The transition ensures continuity in the company's risk management functions as Mr. Dharma departs after a 19-year association with the organization.

Profile of the Incoming CRO

Mr. Kamal Bhatia brings over 24 years of experience in the banking and NBFC sectors to the role. His expertise spans commercial, corporate, and structured credit businesses, including infrastructure financing, working capital, supply chain finance, leasing, and mid-market credit portfolios. He is a qualified Chartered Accountant and holds a Bachelor's degree in Accounting and Taxation.

The following table summarises key details of the appointment and leadership transition:

Professional Background

Prior to this elevation, Mr. Bhatia served as Senior Vice President – Chief Credit Officer, SME Finance at Tata Capital. In that capacity, he oversaw policy frameworks, approval governance, concentration monitoring, and risk appetite implementation across SME, Supply Chain Finance, Leasing, Infrastructure, and Digital Credit businesses. His previous professional stints include tenures at ICICI Bank Limited and Magma Leasing Limited. The company has attached the requisite details and the resignation letter as annexures to the regulatory filing.